How Petersburg is run

Who runs Petersburg, what it costs, and where your money goes

The city manager, council pay, the budget, your property tax bill and who provides each service, from Petersburg's own public documents. Every number links to its source and says which year it describes. Checked Oct 10, 2026.

Who runs Petersburg

A city manager hired by the council runs the city day to day. The council sets policy, adopts the budget and sets the tax rate.

City of Petersburg · May 26, 2026

What they are paid

City manager John M. "March" Altman, Jr.: base payNot confirmed2026. City of Petersburg
A council memberNot confirmedFY2026-27. Not confirmed. The FY2027 budget shows one combined part-time pay line of $85,000 for the City Council, not each member's pay. City of Petersburg · May 26, 2026
The mayorNot confirmedFY2026-27. Not confirmed. The FY2027 budget shows one combined part-time pay line for the City Council and does not state the mayor's pay. City of Petersburg · May 26, 2026

Petersburg city staff

690 full-time-equivalent positions, including Social Services 112, Police 102, Fire 80, Petersburg Area Transit 54, Utilities 44. FY2026-27 (adopted budget, full-time positions). City of Petersburg · May 26, 2026

The budget lists full-time positions by job title without pay. We found no posted staff salary list. We name pay only for elected officials and the city manager.

Is Petersburg in the red?

Cities must pass a balanced budget, so "profit" and "deficit" mean something different here. The useful questions: does the city's everyday money (the general fund) cover its everyday costs, how much does it keep in savings compared with its own target, and how big are its pension and debt bills.

General fund, FY2026-27$120MOut of $176M across all city funds, which includes utilities and other money that can only be spent on one thing. City of Petersburg · May 26, 2026
Savings grew, FY2025 (audited)+$8.6MGeneral fund revenue $107M, spending $95.5M. General fund revenue exceeded spending by $11.2 million in FY2025. After $2.5 million in transfers out to other funds, fund balance rose $8.6 million. City of Petersburg · Jan 27, 2026

Savings against the city's own target

Unassigned general fund balance: $59.4M (2025-06-30). The city's own target: The city's policy sets a minimum unassigned general fund balance of 35% of budgeted general fund spending, not to be used for recurring costs except in emergencies. City of Petersburg · Jan 27, 2026

Pension promises not yet funded$4.9MThe city's Virginia Retirement System plan had a net pension liability of $4.9 million and was 97.56% funded (measured June 30, 2024). (2024-06-30). City of Petersburg · Jan 27, 2026
Debt owed$134MMost of it, $120.3 million, is general obligation bonds for governmental activities, including $59.6 million issued in FY2025. 2025-06-30. City of Petersburg · Jan 27, 2026
Credit ratingA+ (Fitch)FY2025. The FY2025 audit report says Standard & Poor's raised the city's rating from A+. City of Petersburg · Jan 27, 2026

Why we skip the "budgeted deficit": many cities plan to dip into savings, then spend less than planned. The audited result tells you what really happened.

Where the money comes from and goes

The general fund only: the city's everyday money for FY2026-27.

Comes from

  • Property taxes$56.1M · 47%
  • Other local taxes (sales, meals, utility, casino gaming and others)$30.2M · 25%
  • State aid$19M · 16%
  • Federal aid$5.6M · 5%
  • Charges for services$3.8M · 3%
  • Interest and property use$2.1M · 2%
  • Other (fines, permits, fees, miscellaneous)$3M · 3%

City of Petersburg · May 26, 2026

Goes to (FY2026-27)

  • Public safety$30.8M · 26%
  • Social services$16.3M · 14%
  • Transfer to the schools$13.1M · 11%
  • Non-departmental$11.3M · 9%
  • General government$9.5M · 8%
  • Public works$9.4M · 8%
  • Debt service$8.2M · 7%
  • Other (constitutional officers, development, parks and culture, courts, transfers)$21.1M · 18%

City of Petersburg · May 26, 2026

Your property tax bill: who gets it

Petersburg is an independent city, so there is no county property tax. The city funds its share of the schools from the general fund. The FY2027 budget cut the rate by five cents.

100¢

of each property-tax dollar goes to the city of Petersburg

  • City of Petersburg (including schools)1.22 · 100%
  • Total ($ per $100 of assessed value)1.22

FY2026-27 real estate tax rate for a home in the City of Petersburg. City of Petersburg · May 26, 2026

See what a Petersburg home costs each year, line by line →

Who provides your services

Not everything in Petersburg is run by the city. Who provides a service decides whose budget pays for it and whose election decides it.

Compared with similar cities

The cities in this state closest in population that we cover. Read it for scale, not as a ranking: cities provide different services.

FairfaxVAWinchesterVAPetersburgVADanvilleVA
Residents26,77228,27233,73441,647
Top administrator's base payNot confirmedNot confirmedNot confirmed$256,404
Council member payNot confirmedNot confirmedNot confirmed$34,000
General fund per resident$7,766$4,466$3,551$4,662
Debt per resident$5,484$8,409$3,960$6,257
Unfunded pension per resident$3,062$277$144$-48
City staff per 1,000 residents17.324.020.530.0

Figures as shown in each city's section, divided by its population. Years differ by state, and pension figures are measured differently in each state (each city page says how).

What Petersburg publishes

What a resident can find online today. A "no" is something you can ask the council to publish.

Questions to ask your council

  1. Unassigned general fund balance was $59.4 million at June 30, 2025, against a policy minimum of 35% of budgeted spending. What does the council plan to do with the amount above the minimum?
  2. The city issued $59.6 million in general obligation bonds in FY2025. Which projects will it pay for, and how will debt service of $8.2 million in FY2027 change?
  3. The FY2025 audit report is dated January 27, 2026. What is the plan to issue the FY2026 audit sooner?

See who is running for council

Help decide what comes next

What do you want to know about Petersburg next?

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Every number here was checked by hand against the linked document. Cities publish on different schedules, so years differ between sections; each figure says which year it describes. Spotted something wrong or out of date?

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